I have an endowment plans operated by a life insurance company overseas, please advise whether it will be treated as a normal life insurance policy under taxation aspects, just follow the "myTax 2022 Bonuses from life insurance companies and friendly societies"?
Hi @HenryKO,
If you're receiving a life insurance policy from overseas that's matured and you've held it for longer then 10yrs, they're not usually looked at for tax here. You can view this information on a previous Tax ruling. There's also a similar forum post you can view from here.
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